St Austell BID was reelected for a third term on the 8th of December 2022.
76% in favour 84% by rateable value.
The new 5-year term begins on the 1st of April 2023
For a decade, St Austell BID has successfully delivered projects and services that businesses have identified as priorities and has continued to do so throughout the pandemic, supporting the town through a challenging time for us all. St Austell BID would like to thank all businesses and other partners in the town for the time and support they have given over the past five years which have enabled these initiatives to be successfully delivered.
Under BID legislation, St Austell BID has been renewed for a further five years from April 2023 – March 2028. Every business with a rateable value of £5,000 and over, situated within the BID boundary pays a 2.25% levy on their business rates based on the April 2017 – March 2023 rating list.
In April 2022, St Austell BID ran an early survey with a cross-section of businesses from across the boundary and from different sectors to determine the appetite for a third term and to establish some early priorities; encouragingly, the majority of respondents supported the BID continuing and 79% said that the BID had made a positive difference to St Austell.
We used this feedback to prepare our St Austell BID 3rd Term Consultation 2022 where we proposed the themes that would be part of the next business plan to be delivered from April 2023 subject to a positive vote. All respondents supported our vision and the majority agreed that the project themes were the right ones for St Austell BID’s third term with Safe & Secure being ranked as a key priority.
Overall, 62% of all levy-paying businesses engaged in the consultation through relaying their feedback in person or by completing the third term questionnaire – 92% of survey respondents said they supported a third term and would vote ‘yes’.
Our third-term business plan has been shaped by the views of our levy-paying businesses. All eligible levy payers within the BID boundary received a hard copy or virtual copy in October 2022.
Please read through this business plan, taking note of our vision, aims and objectives, all informed by our business community. To read what businesses in the town think about St Austell BID scroll down to the bottom of this page.
St Austell BID will generate over £460K of funding over the five-year term from the levy alone with substantive additional contributions secured and sought for during the five-year term. In the current term, St Austell BID has generated an additional 50 pence for every £1 of levy payers’ income.
If you do have any questions about the BID do drop us a line by emailing Annette Miller at staustellbid@gmail.com or telephone 01726 467498
Thank you for your contribution and for being part of an exciting future for St Austell.
St Austell BID team
Baseline – Services provided by statutory organisations within St Austell that have a correlation to the projects that the BID will deliver have been documented. The purpose of this is to ensure that St Austell BID is adding value to current service provision and supporting businesses rather than replacing or duplicating existing services. Cornwall Council, Devon and Cornwall Police and St Austell Town Council baselines will be reviewed each year.
For these baselines click here